DO YOU KNOW ABOUT FINANCE?
A high interest loan that is to be repaid by your next paycheck.
What is ......
Payday Loans
What are the 3C's of credit?
What is .......
Character, Capacity, and Capital
Money paid to stockholders from the corporation's earnings (profits).
What is .....
Dividends
A state of uncertainty where situations may result in lost or another undesirable income.
What is......
Risk
The spreading of risk among many types of investments.
What is ....
Diversification
Fail to fulfill an obligation, especially to repay a loan.
What is .......
Default
To take another's possession for nonpayment of a loan.
What is .......
Repossession
An increase in the value of the stock over time.
What is...
Capital Gain
A person named on a insurance policy to receive the benefits from the policy.
What is....
Beneficiary
A person who negotiates contracts between two parties for a fee.
What is.....
A Broker
A set amount and months a loan is to be repaid.
What is .....
Installment Credit
Requires lenders to fully inform consumers about all cost of credit purchase before an agreement is signed.
What is ........
Truth in Lending Act
The savings accumulated in a permanent life insurance policy that you would receive if you canceled your policy.
What is .....
Cash Value
An insurance plan that makes regular payments to replace income lost when illness or injury prevents the insured from working.
What is ....
Disability Insurance
A tradable financial asset.
What is ......
Securities
This is when you pay the lender for the use of credit usually in interest payments and other fees.
What is .......
Finance Charge
What are the three Credit Reporting Agencies?
What is .......
Equifax, TransUnion, and Experian
A type of stock that pays a fixed dividend but has no voting rights; less risky
What is .....
Preferred Stock
The specified amount of a loss that the policyholder pays before the insurer is obligated to pay anything. (Hint: This is before the insurance company pay their part)
What is .....
Deductible
A measure of how shares of the largest US companies are performing.
What is .....
Dow Jones
The cost of credit expressed as a yearly percentage.
What is .......
Annual Percentage Rate (APR)
Imposing unfair, deceptive, or abusive loan terms onto a borrower.
What is .......
Predatory Lending
The speed with which an asset can be sold without hurting its value.
What is .....
Liquidity
A method for spreading individual risk among a large group of people to make losses more affordable for all.
What is .....
Insurance
The second largest stock exchange in the world for investors looking to buy or sell shares of stocks.
What is......
National Association of Securities Dealers Automated Quotations (NASDAQ)